TOP REASONS FOR DOWNSIZING
Over 2.4million people over 55 are actively considering downsizing and 1/4 of them will do so in the next 1 – 2 years (Audley consumer research). The top reasons as given by Audley owners before moving in are
1. the loss of a partner; 2. to reduce upkeep time and cost; 3. immediate care need; 4. to not leave it too late.
DOWNSIZING MAY SAVE YOU TIME
People are often wasting precious days over the year doing tasks they don’t enjoy. With an yearly average of 144 hrs of house cleaning, 72 hrs of maintaining the property and 48 hrs of mowing the lawn, the time may be better spent.
A SMALLER PROPERTY CAN ALSO FREE UP MONEY FOR RETIREMENT
As 80% of sales since ’95 have seen an increase in price (Source: JLL Housing with Care index – Healthcare Research 2017).
DOWNSIZING AS A WAY TO AVOID LONELINESS
38% of over 55s experienced loneliness in 2021 and 24% sat their loneliness has impacted their physical wellbeing. A way to avoid isolation is downsizing to a community designed to bring people together.
MOST IMPORTANT FACTORS WHEN LOOKING FOR A PROPERTY IN RETIREMENT
• quiet and peaceful surroundings
• space to have family stay over
• home to be adapted for their needs
• close to transport links
• surrounded by countryside
• near shops / restaurants
• clean and well-maintained streets
BENEFITS OF LIVING IN A RETIREMENT VILLAGE
(as reported by owners living at an Audley village)
• less isolation and a sense of community
• less upkeep and more free time
• lower monthly maintenance costs
• on-site facilities tailored to owners
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https://www.audleyvillages.co.uk/how-it-works/downsizing-infographic-imageTOP REASONS FOR DOWNSIZING
Over 2.4million people over 55 are actively considering downsizing and 1/4 of them will do so in the next 1 – 2 years (Audley consumer research).
The top reasons given by Audley owners before moving in were: loss of a partner; to reduce upkeep time and cost; immediate care need, to not leave it too late.
DOWNSIZING MAY SAVE YOU TIME
Many people are wasting precious days over the year doing tasks they don’t enjoy with an average of 144 hrs/year on house cleaning, 72 hrs/year on maintaining the property and 48 hrs/year mowing the lawn.
…AND FREE UP MONEY FOR RETIREMENT
As 80% of sales since ’95 have seen an increase in price (Source: JLL Housing with Care index – Healthcare Research 2017).
DOWNSIZING AS A WAY TO AVOID LONELINESS
38% of over 55s experienced loneliness in 2021 and 24% sat their loneliness has impacted their physical wellbeing.
MOST IMPORTANT FACTORS WHEN LOOKING FOR A PROPERTY IN RETIREMENT
• quiet and peaceful surroundings
• space to have family stay over
• home to be adapted for their needs
• close to transport links
• surrounded by countryside
• near shops / restaurants
• clean and well-maintained streets
BENEFITS OF LIVING IN A RETIREMENT VILLAGE
(as reported by owners living at an Audley village)
• less isolation and a sense of community
• less upkeep and more free time
• lower monthly maintenance costs
• on-site facilities tailored to owners
